Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Nissan selects Microsoft Azure to power Nissan Telematics System

[PR Newswire] – LAS VEGAS, Jan. 5, 2016 /PRNewswire/ — Nissan Motor Co. Ltd. and Microsoft Corp. on Tuesday announced that all Nissan LEAF models and Infiniti models in Europe will have Connect Telematics Systems (CTS) powered by Microsoft Azure. Since the Nissan LEAF’s launch in 2010, more than 200,000 have been sold worldwide, making it the world’s best-selling electric vehicle. Nissan selected Azure to meet customers’ expectations about in-vehicle mobility solutions, create additional ways to interact with their vehicles, and enhance safety. Read more on this. Microsoft Corporation (MSFT) , with a current value of $438.54B, began trading this morning at $54.92. Looking at the equity, the company’s one day range is $54.78 to $55.33 and has traded between $39.72 and $56.85 over the past 12 months. MSFT shares are currently priced at 20.17x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.55x earnings multiple. And for income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 2.60%. Consensus earnings for the current quarter by the 27 sell-side analysts covering the stock is an estimate of $0.71 per share, which would be $0.00 worse than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.75 would be a $0.29 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $25.23 Billion. If reported, that would be a 4.68% decrease over the year-ago quarter. Recently, Goldman upgraded MSFT from Sell to Neutral (Dec 18, 2015). Previously, BofA/Merrill upgraded MSFT from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $57.00, which is 3.79% above where the stock opened this morning. See more in (NASDAQ:MSFT) Similar Articles: Stock Update: Microsoft Corporation (NASDAQ:MSFT) – MICROSOFT IS UP 10%: Here’s what a one-point move in MSFT does to the Dow Company Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft (MSFT) Stock Up on New Financial Reporting Structure Market Update: Microsoft Corporation (NASDAQ:MSFT) – One Reason Microsoft (MSFT) Stock Closed Up